Sequoia Financial Advisors LLC Buys 1,552 Shares of Entegris, Inc. $ENTG

Sequoia Financial Advisors LLC lifted its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 56.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,319 shares of the semiconductor company’s stock after acquiring an additional 1,552 shares during the period. Sequoia Financial Advisors LLC’s holdings in Entegris were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Entegris by 80.5% during the first quarter. GAMMA Investing LLC now owns 3,210 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 1,432 shares during the period. State of Alaska Department of Revenue bought a new stake in Entegris in the 1st quarter valued at about $1,548,000. Kentucky Retirement Systems acquired a new position in Entegris during the 1st quarter worth approximately $899,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Entegris in the first quarter worth approximately $383,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Entegris by 3.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 72,153 shares of the semiconductor company’s stock worth $6,312,000 after acquiring an additional 2,388 shares in the last quarter.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 8,858 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $79.84, for a total transaction of $707,222.72. Following the completion of the sale, the senior vice president owned 56,912 shares in the company, valued at $4,543,854.08. This trade represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Oppenheimer started coverage on Entegris in a report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price objective for the company. UBS Group decreased their price target on shares of Entegris from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. KeyCorp restated an “overweight” rating and set a $103.00 price objective (down previously from $112.00) on shares of Entegris in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Entegris in a report on Wednesday, October 8th. Finally, Mizuho boosted their target price on shares of Entegris from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Entegris presently has an average rating of “Moderate Buy” and an average price target of $106.30.

Entegris Stock Performance

Shares of Entegris stock opened at $92.67 on Wednesday. The business’s fifty day simple moving average is $88.14 and its 200 day simple moving average is $81.76. The company has a current ratio of 3.30, a quick ratio of 1.95 and a debt-to-equity ratio of 1.04. Entegris, Inc. has a 12 month low of $60.75 and a 12 month high of $112.36. The firm has a market capitalization of $14.05 billion, a P/E ratio of 47.77 and a beta of 1.38.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $512.84 million during the quarter. Entegris had a return on equity of 12.05% and a net margin of 9.17%. As a group, analysts anticipate that Entegris, Inc. will post 3.51 EPS for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, October 29th. Entegris’s payout ratio is presently 20.62%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).